Becky wants to buy a car but cannot obtain a loan from the bank on her own. Lori agrees to be the co-signer on Becky's loan, on the condition that Lori would only be liable for the amount of the loan if Becky actually defaults on the loan. In this situation, Lori would best be described as a guarantor.
Answer the following statement true (T) or false (F)
True
Once a creditor has exhausted its options against the debtor, the creditor may pursue the guarantor for the debt. When a party agrees to be liable only if the debtor actually defaults, she is known as a guarantor.
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Which of the following statements is not correct regarding the importance of inventory turnover to a company's profitability?
A. Companies will prefer to have a low inventory turnover rather than a high inventory turnover. B. A company's profitability is affected by how rapidly inventory sells. C. It is sometimes more desirable to sell a large amount of merchandise with a small amount of gross margin than a small amount of merchandise with a large amount of gross margin. D. A company's profitability is affected by the spread between cost and selling price.
In a decentralized organization, the cost objective is referred to as a ______________________________
Fill in the blank(s) with correct word
The two-way flow of communication between a salesperson and a customer that is paid for by the firm and seeks to influence the customer's purchase decision is referred to as
A. public relations. B. sales promotion. C. publicity. D. advertising. E. personal selling.
Which of the following statements is true about the forecasting error measures?
a. Mean absolute deviation is complex and difficult to compute. b. Cumulative sum error tracks the forecasting bias. c. Mean absolute deviation provides the percentage of error. d. Mean squared errors cannot track the accuracy of the forecast.